|
|
Past
Seminars
| Fall 2007 |
| Date |
Presenter |
Paper Title |
| September 26 |
Antoinette Schoar
Massachusetts Institute of Technology |
"Judge Specific Differences in Chapter 11 and Firm Outcomes" (Coauthor Tom Chang) |
| October 3 |
Robin Greenwood
Harvard Business School, Harvard University |
"Catering Through Nominal Share Prices" (Coauthors Malcolm Baker and Jeffrey Wurgler) (PDF 238 KB / 43 pages) |
| October 10 |
Wei Jiang
Graduate School of Business, Columbia University |
"Payoff Complementarities and Financial Fragility: Evidence from Mutual Fund Outflows" (Coauthors Qi Chen and Itay Goldstein) (PDF 387 KB / 54 pages) |
October 17 |
Peter Bossaerts
California Institute of Technology
Swiss Finance Institute Professor (from 1 August on)
Ecole Polytechnique Fédérale Lausanne
(Swiss Federal Institute of Technology Lausanne) |
"Exploring the Nature of 'Trading Intuition'" (Coauthors Antione J Bruguier and Steven R Quartz) |
October 24
** 11:30 AM - 1:00 PM |
Jessica Wachter
Wharton School,
University of Pennsylvania |
"Why Do Household Portfolio Shares Rise in Wealth?" (Coauthor Motohiro Yogo) (PDF 315 KB / 54 pages) |
October 31 |
Will Goetzmann
Yale School of Management, Yale University |
"Mandatory Disclosure and Operational Risk: Evidence from Hedge Fund Registration" (Coauthors Stephen Brown, Bing Liang and Christopher Schwarz) (PDF 487 KB / 56 pages) |
| November 7 |
Jonathan Zinman
Tuck School of Business at Dartmouth College |
"Fuzzy Math and Household Finance: Theory and Evidence" (Coauthor Victor Stango) |
| November 14 |
Denis Gromb
London Business School |
"Financially Constrained Arbitrage and Cross-Market Contagion" (Coauthor Dimitri Vayanos) (PDF 65 KB / 29 pages) |
| Friday, November 16 in room 2245 |
Motohiro Yogo Wharton School,
University of Pennsylvania |
"Portfolio Choice in Retirement: Health Risk and the Demand for Annuities, Housing, and Risky Assets" (PDF 305 KB / 43 pages) |
| November 28 |
Raghu Rajan
Graduate School of Business, University of Chicago |
|
| December 5 |
Milton Harris
Graduate School of Business, University of Chicago |
"Control of the Corporate Decisions: Shareholders vs. Management" (Coauthor Artur Raviv) (PDF 300 KB / 34 pages) |
| Friday, December 7 in G44 |
James Vickery |
"How Do Financial Frictions Shape the Product Market? Evidence From Mortgage Originations" |
| Spring 2007 |
| Date |
Presenter |
Paper Title |
| March 28 |
Richard Stanton
Haas School of Business, University of California at Berkeley |
"Human Capital, Bankruptcy and Capital Structure" (Coauthors Jonathan Berk and Josef Zechner) (PDF 300 KB / 38 pages) |
| April 4 |
Jianjun Miao
Graduate School of Management, Boston University |
"Firm Heterogeneity and the Long-Run Effects of Dividend Tax Reform" (Coauthor Francois Gourio) (PDF 340 KB / 44 pages) |
| April 11 |
Narasimhan Jegadeesh
Goizueta Business School, Emory University |
"Do Analysts Herd? An Analysis of Recommendations and Market Reactions"
(Coauthor Woojin Kim)
Second Version (PDF 160 KB / 40 pages)
"Do Analysts Herd? An Analysis of Recommendations and Market Reactions"
(Coauthor Woojin Kim) (PDF 197 KB / 41 pages) |
** Tuesday April 17
12:15 PM - 1:15 PM |
Nour Meddahi
Tanaka Business School,
Imperial College London
|
"Testing Distributional Assumptions: A GMM Aproach" (Coauthor Christian Bontemps) (PDF 293 KB / 32 pages)
|
April 18 |
Bruce Lehmann
Rady School of Management, University of California at San Diego |
"Arbitrage-Free Limit Order Markets and the Pricing of Order Flow Risk" (PDF 442 KB / 56 pages) |
**April 25
Room changed to 1246 |
David Scharfstein
Harvard Business School, Harvard University |
"Skill and Luck in Entrepreneurship and Venture Capital: Evidence from Serial Entrepreneurs" (PDF 218 KB / 42 pages) |
| May 2 |
Ken Ayotte
Graduate School of Business, Columbia University |
"Optimal Property Rights in Financial Contracting (Coauthor Patrick Bolton) (PDF 404 KB / 46 pages) |
| May 9 |
Michael Lemmon
David Eccles School of Business, University of Utah |
"Why Designate Market Makers? Affirmative Obligations and Market Quality" (Coauthors Hank Bessembinder and Jia Hao) |
| May 16 |
Mark Westerfield
Marshall School of Business, University of Southern California |
|
| May 23 |
Nicholas Barberis
Yale School of Management, Yale University |
"What Drives the Disposition Effect? An Analysis of a Long-standing Preference-based Explanation" (Coauthor Wei Xiong) (PDF 396 KB / 47 pages) |
| May 30 |
Jose Scheinkman
Department of Economics, Princeton University |
"Long Term Risk: An Operator Approach" (Coauthor Lars Hansen) (PDF 322 KB / 55 pages) |
| June 6 |
Tom Davidoff
Haas School of Business, University of California at Berkeley |
"Stock Prices, Housing Prices, Housing Stock Prices and the Fundamentals " (PDF 187 KB / 27 pages) |
| Fall 2006 |
| Date |
Presenter |
Paper Title |
| **Sept 20 Seminar will be held 10:45 - 12:15 in G44 |
Darrell Duffie
Graduate School of Business, Stanford University |
"Systemic Dynamics in the Federal Funds Market" (Coauthor Adam Aschraft) (PDF 17 KB / 4 pages) |
| Sept 27 |
Anil Kashyap
Graduate School of Business, University of Chicago |
"Investment Spikes: New Facts and a General Equilibrium Exploration" (Coauthor Francois Gourio) (PDF 265 KB / 47 pages) |
| Oct 4 |
Alon Brav
Fuqua School of Business, Duke University
|
"Costly Communication, Shareholder Activism, and Limits to Arbitrage:
Evidence from Closed-End Funds" (PDF 239 KB / 49 pages) |
Oct 11 |
Ron Kaniel
Fuqua School of Business, Duke University |
"Momemtum as an outcome of difference in higher order beliefs" (PDF 235 KB / 31 pages) |
Oct 18 |
Gur Huberman
Columbia Business School, Columbia University
|
"Is the Price of Money Managers Too Low?" (PDF 263 KB / 37 pages) |
| Oct 25 |
Tobias Moskowitz
Graduate School of Business, University of Chicago
|
"The Political Economy of Financial Regulation: Evidence from U.S. Usury Laws in the 19th Century" (PDF 492 KB / 52 pages)
|
| Nov 1 |
Amil Dasgupta
|
"The Price of Conformism" (PDF 360 KB / 39 pages) (Coauthors Andrea Prat and and Michela Verardo)
Background Paper:
"Asset Price Dynamics When Traders Care About Reputation" (PDF 258 KB / 40 pages) |
| Nov 8 |
Michael Roberts
Wharton School,
University of Pennsylvania
|
|
| Nov 15 |
Yuliy Sannikov
Haas School of Business, University of California at Berkeley
|
"Agency Problems, Screening and Increasing Credit Lines" (PDF 249 KB / 36 pages) |
| Nov 29 |
Bob Goldstein
Carlson School of Management, University of Minnesota |
"On the Relation Between the Credit Spread Puzzle and the Equity Premium Puzzle" (PDF 312 KB / 45 pages) |
| Dec 6 |
Bhaskaran Swaminathan
Johnson School of Management, Cornell University |
"Do stock prices underreact to SEO announcements? Evidence from SEO valuation"
(Coauthor Amiyatosh Purnanandam) (PDF 845 KB / 41 pages) |
| Winter 2006 |
| Date |
Presenter |
School |
Paper Title |
Jan. 11
|
Camelia Kuhnen |
Stanford |
"Social Networks, Corporate Governance and Contracting in the Mutual Fund Industry"
(PDF 50 pages) |
| *Friday, Jan. 13 , 1:30-3pm |
Gustavo Manso |
Stanford |
"Motivating Innovation"
(PDF 354 KB / 50 pages) |
*Tuesday, Jan. 17, 1:30-3pm |
Mark
Leary |
Duke |
|
| Jan. 18 |
Ruslan
Bikbov |
Columbia |
"Monetary Policy Regimes and the Term Structure of Interest Rates" |
*Tuesday, Jan. 24,
1:30-3pm |
David Matsa |
MIT |
"Capital Structure as a Strategic Variable: Evidence from Collective
Bargaining" |
| Jan. 25 |
Jan
Schneider |
UBC |
"A Rational Expectations Equilibrium with Informative Trading Volume" |
*Friday,
Jan. 27,
1:30-3pm |
Justin
Sydnor |
Berkeley |
|
| Feb. 1 |
Victoria
Ivashina |
NYU |
"The Effects of Syndicate Structure on Loan Spreads" |
*Friday,
Feb. 3,
1:30-3pm |
Pavel
Savor |
Harvard |
"Do Stock Mergers Create Value for Acquirers?" |
| Feb. 15 |
Jose
Liberti |
Visiting Kellogg |
"Estimating the Effect of Hierarchies on Information Use" |
*Wednesday,
Feb. 22,
10:30am-Noon
Room 4214 |
Tom
Hubbard |
Kellogg |
"The Organization of Specialization: Knowledge Based Production"
(Word Doc 2.53 MB / 56 pages) |
| March 1 |
Owen Lamont |
Yale |
"Dumb Money"
(PDF 180 KB / 59 pages) |
| Fall 2005 |
| Date |
Presenter |
School |
Paper Title |
Sept. 21
|
Robert Novy-Marx |
Chicago GSB |
"A Q-Theory of Dynamic Oligopoly" (PDF 241 KB / 42 pages) |
| Sept. 28 |
Zhenyu Wang |
NY FRB |
"Public Provision of Private Liquidity" (PDF 1.26 MB / 48 pages) |
Oct. 5 |
Yaniv Grinstein |
Cornell |
|
| Oct. 12 |
Clemens Sialm |
Michigan |
"Unobserved Actions of Mutual Funds" |
| Oct. 19 |
Jonathan Parker |
Princeton |
"Household Expenditure and the Income Tax Rebates of 2001" |
| Oct. 26 |
Peter Christoffersen |
McGill |
"An Empirical Comparison of Affine and Non-Affine Models for Equity Index Options" |
| Nov. 2 |
Holger Mueller |
NYU |
"Concentrated Ownership and Labor Relations" |
| Nov. 9 |
Matias Braun |
UCLA |
Where Does the Market Matter? Stock Prices and Investment Around the World" (PDF 230 KB / 40 pages) |
| Nov. 16 |
Neng Wang |
Columbia |
"Investment, Consumption and Hedging Under Incomplete Markets" |
Nov. 30 |
Chris Malloy |
LBS |
"Supply and Demand Shifts in the Shorting Market" |
| Spring
2005 |
| Date |
Presenter |
School |
Paper
Title |
Mar
30
|
Francis
Longstaff |
UCLA |
Asset
Pricing in Markets with Illiquid Assets |
| Apr
6 |
Jacob Sagi |
U
California, Berkeley |
Liquidity
and Closed-End Funds (with Martin Cherkes, Princeton
and Richard Stanton, U California, Berkeley) |
Apr
13 *
12:00-1:30 p.m. in room G43 |
Jonathan
Berk |
U
California, Berkeley |
A
Rational Model of the Closed-End Fund Discount (with
Richard Stanton, Berkeley) AND Persistence
and Fund Flows of the Worst Performing Mutual Funds
(with Jing Xu, Berkeley) |
| Apr
20 |
Jonathan
Parker |
Princeton |
Optimal
Expectations (with Markus Brunnermeier, Princeton) |
| Apr
27 |
Markus
Brunnermeier |
Princeton |
Marketing
Liquidity and Funding Liquidity (with Lasse Pedersen,
NYU) |
| May
4 |
Vefa
Tarhan |
Loyola |
Allocating
Marginal Cashflow: Investment, Financing, and Distribution
Decision Sensitivities (with Todd Pulvino, Northwestern) |
| May
11 |
Julian
Franks |
LBS |
Ownership:
Evolution and Regulation (with Colin Mayer, U Oxford
and Stefano Rossi, LBS) |
| May
18 |
Atif
Mian |
U
Chicago |
Tracing
the Financial and Real Impact of a Credit Crunch |
| May
25 |
Dirk
Jenter |
MIT |
Employee
Sentiment and Stock Option Compensation |
Jun
1*
9:00 - 10:30am in Rm G36 |
William
Easterly |
NYU |
Reliving
the '50s: Poverty Traps, the Big Push, and Takeoffs in
Economic Development |
| Fall
2004 |
| Date |
Presenter |
School |
Paper
Title |
Sep
22
|
Mariassunta
Giannetti |
Stockholm
School |
Social
Interactions and Entrepreneurial Activity (with Andrei
Simonov) |
Sep
24
12-1pm |
Oleg Bondarenko |
UIC |
Zell
Center Bag Lunch: Market Price of Variance Risk and Performance
of Hedge Funds |
Sep
28
|
Philip
Bond |
Wharton |
Zell
Center Bag Lunch: Debt restructuring and voting rules |
| Sep
29 |
James
Weston |
Rice
|
Can Managers Forecast Aggregate
Bond Market Returns? (with Alexander Butler and Gustavo
Grullon) |
| Oct
6 |
Christian
Hellwig |
UCLA |
Coordination
Failures and Asset Prices (with Arijit Mukherji, U
Minn and Aleh Tsyvinski, UCLA & NBER) |
Oct
8
12-1 pm |
Ed
Mills |
NU |
Zell
Center Bag Lunch: Why
do we have urban density controls? |
| Oct
13 |
Mark
Seasholes |
U
California, Berkeley |
Uninformed Trading and Asset Prices (with Sandro C.
Andrade, UC Berkeley and Charles Chang, Cornell) |
| Oct
20 |
Amir
Yaron |
U
Penn, Wharton |
Future
Prices in a Production Economy with Investment Constraints |
| Oct
27 |
Pierre-Olivier
Gourinchas |
U
California, Berkeley |
International
Financial Adjustment (with Helene Rey, Princeton) |
Oct
29
|
Yong
Wang |
Kellogg
Finance |
Job
Market Talk: Consumption Risk and the Cost of Equity Capital
(with Ravi Jagannathan) |
| Nov
3 |
Christopher
Hennessy |
U
California Berkeley |
Beyond
Investment-Cash Flow Sensitivities: Using Indirect Inference
to Estimate Costs of External Funds (with Toni Whited,
U WI-Madison) |
Nov
9
12-1 pm |
Joseph
Engelberg and Jared Williams |
Kellogg
Finance |
Rationalizing
Incremental Bidding in eBay Auctions (formerly titled
"eBay's Proxy Bidding System: A License to Shill") |
Nov
9
|
Lubomira
Ivanova |
Kellogg
Finance |
Job
Market Talk: Sector Stock Picking Talent of Fund Managers:
Does It Exist? |
| Nov
10 |
Yael
Hochberg |
Cornell |
Who
You Know Matters: Venture Capital Networks and Investment
Performance (with Alexander Ljungqvist, NYU and Yang Lu,
NYU) |
| Nov
15, 12-1:15 pm, Rm 430 |
Alexey
Malakhov |
Kellogg
MEDS |
Job
Market Talk: The Role of Uninformed Buyers in Optimal
IPO Mechanisms |
| Nov
17 |
Viral
Acharya |
LBS |
Is
Cash Negative Debt?-The Implications of Financial Constraints
and Hedging Needs (with Heitor Almeida, NYU and Murillo
Campello, U of I) |
| Dec
1 |
Francisco
Perez-Gonzales
|
Columbia |
The
Impact of Acquiring Control on Productivity |
| Dec
2, 12-1 pm, Rm 4214 |
William
McLean |
NU,
VP and Chief Investment Officer, Investments/Real Estate |
Managing
University Endowments |
| Spring
2004 |
| Date |
Presenter |
School |
Paper
Title |
| Mar
31 |
Paul
Willen |
U
Chicago GSB |
Social
Security and Unsecured Debt |
| April
7 |
Raj
Chetty |
U
California, Berkeley |
Consumption
Commitments, Unemployment Durations, and Local Risk Aversion |
| April
14 |
Nick
Barberis |
U
Chicago GSB |
Individual
Preferences, Monetary Gambles and the Equity Premium
(with Ming Huang, Stanford and Richard Thaler, U Chicago) |
| April
21 |
Thomas Philippon |
NYU
Stern |
Government
Deficits and Interest Rates: A No-Arbitrage Structural
VAR Approach (with Qiang Dai, NYU) |
| April
28 |
Yuliy
Sannikov |
Stanford
GSB |
A
Principal-Agent Problem with Unobservable Cash Flows in
Continuous Time (with Peter DeMarzo, Stanford) |
| May
5 |
S.
Viswanathan |
Duke |
Endogenous
Events and Long Run Returns (with Bin Wei, Duke) |
| May
12 |
Ravi
Jagannathan |
Kellogg |
Assessing
the Risk in Sample Minimum Risk Portfolios (with Gopal
Basak, U Minn and Tongshu Ma, U Utah) |
| May
19 |
Luigi
Zingales |
U
Chicago GSB |
Corporate
Governance and Taxation (with M. Desai and A. Dyck,
Harvard) |
| May
26 |
Simon
Johnson |
MIT
Sloan |
Unbundling
Institutions (with Daron Acemoglu, MIT) |
| June
2 |
Tan
Wang |
U
British Columbia |
A simple theory of asset pricing under model uncertainty
(with Leonid Kogan) |
|
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